Morgan Stanley has revised its 2030 climate targets, setting sector-specific emissions reductions within a 1.5–1.7°C warming limit. This range acknowledges global challenges in meeting the 1.5°C target of the Paris...
The UN-backed Net-Zero Asset Owner Alliance (NZAOA) reported a record $175 billion investment in climate-focused solutions by its members in 2023, marking a nearly 38% jump from the previous year’s...
Key Impact Points: Business momentum in measuring nature and biodiversity impacts is accelerating, according to CDP’s latest data. This progress comes as global leaders convene for COP16 in Colombia to...
Key Impact Points: The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, aiming to accelerate the deployment of cutting-edge clean...
Key Impact Points: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. Developed in partnership with industry leaders, including...
Key Impact Points: Standard Chartered has launched a sustainable finance variant of its Borrowing Base Trade Loan (BBTL), reinforcing its commitment to decarbonizing the commodity sector. The BBTL is a...
Key Impact Points: Why it matters: Sustainable funds have surged to $3.5 trillion in AUM, even as inflows slow. The $20 billion in inflows recorded in the first half of...
Amazon is accelerating its transition to carbon-free energy by investing in innovative nuclear power projects. The company has signed three new agreements to support the development of Small Modular Reactors...
To accelerate the clean energy transition across the U.S., Google has signed the world’s first corporate agreement to purchase nuclear energy from multiple small modular reactors (SMRs) to be developed...
Meet the sustainability champions making the Middle East a blueprint for green practices Forbes Middle East has released its second annual list of the region’s sustainability leaders, recognizing the trailblazers...
Leading the Charge on Textile Waste Spain’s largest fashion companies, including Zara owner Inditex, H&M, Decathlon, Ikea, and Primark, will start collecting discarded clothes in April next year as part...
Key Impact Points: Colombia is in discussions with Germany for a debt-for-nature swap to support its ambitious $40 billion plan to transition from fossil fuels and enhance environmental conservation. Foreign...
Key Impact Points: BP, the UK-based oil giant, has announced a significant shift in its strategy, moving away from earlier plans to cut oil and gas production by 2030 and...
Ferrari accelerates its transition to renewable energy by shutting down the trigeneration plant at its Maranello factory, advancing its decarbonisation efforts three months ahead of plan. Early Shutdown Drives Emission...
Major Companies Back New 24/7 Carbon-Free Initiative Global corporates like Google, AstraZeneca, Iron Mountain Data Centers, Shree Cement, AirTrunk, and Vodafone UK have joined the Climate Group’s 24/7 Carbon-Free Coalition...
India has rolled out a Carbon Accounting and Reporting Framework for domestic and international airports, aiming for carbon neutrality and net zero emissions in civil aviation. Carbon Neutrality Prioritised The...
Deloitte’s Latest Series Highlights CFO Leadership in Sustainability A new report series by Deloitte, titled “Asia Pacific Mandatory Sustainability Reporting,” positions Chief Financial Officers (CFOs) as pivotal leaders in navigating...